New Vaccines Plant in Senegal Gets 75 million Euros From EIB

New Vaccine Plant in Senegal Gets 75 million Euros From EIB (News Central TV)
epa05101229 European Investment Bank (EIB) President Werner Hoyer gives a press conference at the Council of the European Union headquarters, in Brussels, Belgium, 14 January 2016. Hoyer presented the European Investment Bank results for 2015. EPA/OLIVIER HOSLET

The European Investment Bank (EIB) committed 75 million euros to fund the construction of a new facility in Senegal that will manufacture COVID-19 vaccines for use throughout Africa.

The plant, run by the Institut Pasteur in Dakar, is intended to help Africa reduce its reliance on vaccine imports, which currently meet 99 percent of the continent’s needs. It will manufacture vaccines for COVID-19, yellow fever, and other endemic diseases.

In 2021, the EIB and the European Union donated 5 million euros for feasibility studies and project preparation for the plant.

Institut Pasteur hopes to start producing vaccines before the end of the year. At full capacity, it should be able to produce up to 300 million vaccine doses per year, according to the EIB in a statement announcing the new funding.

Your Friends Also Read:  World Bank Approves $150 Million to Boost Electricity in Senegal

Last year’s rollout of COVID vaccines was delayed due to Africa’s reliance on outside manufacturing. Doses have since been implemented, but inoculation rates in many countries remain low due to logistical challenges and vaccine hesitancy.

“It is essential to create decentralised vaccine manufacturing capacity to address this imbalance and ultimately build a safer and healthier world,” said Amadou Alpha Sall, Institut Pasteur‘s director in Senegal.

Amadou Alpha Sall, Institut Pasteur’s director in Senegal.

The Senegalese government and the Paris-based Institut Pasteur jointly run the institute in Dakar.

“Since the beginning of the coronavirus pandemic, we have maintained that no one is safe until everyone is safe,” said Irene Mingasson, the head of the EU delegation to Senegal.

Your Friends Also Read:  Seven Children Killed as Construction Dynamite Explodes in Ethiopia

Several initiatives to boost vaccine manufacturing in Africa have been launched during the pandemic, but some have failed.

After receiving no orders, South Africa’s Aspen Pharmacare (APNJ.J) announced last month that it may reduce its capacity to package and sell Johnson & Johnson’s COVID vaccine.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.



Leave a Reply

Previous Article
Nigerian Troops Eliminate 14 Boko Haram/ISWAP Terrorists, Rescue 100 Family Members (News Central TV)

Nigerian Troops Neutralise 14 Boko Haram/ISWAP Insurgents, Rescue 100 Family Members

Next Article

Tanzania Marks International Day of U.N. Peacekeepers

Related Posts
Powered by Live Score & Live Score App